Company

Petronet LNG Limited, one of the fastest
growing world-class companies in the Indian energy sector, has set up the country's first LNG receiving and regasification terminal at Dahej,
Gujarat, and another terminal at Kochi, Kerala. While the Dahej terminal has a nominal capacity of 15 MMTPA,
the Kochi terminal has a capacity of 5 MMTPA.

Natural Gas

Natural Gas consists mainly of Methane and small amounts of ethane, propane and butane. It is transported through pipelines but is extremely bulky. A high-pressure gas pipeline can transport in a day only about one-fifth of the energy that can be transported through an oil pipeline.

Terminals

The Company has set up South East Asia's first LNG Receiving and Regasification Terminal with an original nameplate capacity of 5 MMTPA at Dahej, Gujarat. The infrastructure was developed in the shortest possible time and at a benchmark cost. The capacity of the terminal has been expanded to 10 MMTPA and the same has been commissioned in June, 2009. The expansion involved construction of 2 additional LNG storage tanks and other vaporization facilities. The terminal is meeting around 20% of the total gas demand of the country.

CSR

Petronet LNG, as responsible Corporate/Community/Government Citizens, undertake Socio-Economic Development Programme
to supplement the efforts to meet priority needs of the community with the aim to help them become self-reliant.
These efforts would be generally around our work centres mostly in the areas of Education, Civil Infrastructure,
Healthcare, Sports & Culture, Entrepreneurship in the Community. Petronet LNG also support Water Management and
Disaster Relief in the country thereby help to bolster its image with key stakeholders.

Media Centre

Four of the top public sector companies of the country's Hydrocarbon Sector viz. Oil and Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and GAIL (India) Limited (GAIL) have invested in Petronet LNG. Each has a 12.5% equity share, leading to a total of 50% for the four.

Four of the top public sector companies of the country's Hydrocarbon Sector viz. Oil and Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and GAIL (India) Limited (GAIL) have invested in Petronet LNG. Each has a 12.5% equity share, leading to a total of 50% for the four.

"Additional volume was a big point of discussion, which now they have more or less agreed to give to us if the price is okay," Sengupta, who accompanied managing director Prosad Dasgupta for talks with Exxon in Australia, said.

He said Exxon wanted to sign a sale purchase agreement for LNG in the third quarter of this year if both sides can agree on a price. Gas supplies are expected to begin from mid-2013.

Dasgupta said the next round of discussions on pricing was expected to take place at the end of March or in April.

Petronet plans to bring Gorgon LNG through a new terminal at Kochi in the southern state of Kerala, which is expected to be commissioned in 2011.

Gas demand in India runs at around 179 million standard cubic metres a day, but domestic gas availability is only around 95 mmscmd.

Production is expected to rise to more than 190 mmscmd by 2009 after new gas fields come on stream.

Goldman Sachs estimates the share of natural gas in India's coal-dominated energy basket will double to 18 percent by 2015 and stabilise at 20 percent by 2025.

Petronet is in talks with Algeria, Oman, Egypt, Qatar and Trinidad & Tobago to agree long-term contracts as it plans to ramp up capacity at its Dahej terminal to 10 million tonnes by December 2008 from the existing 6.5 million tonnes.

The firm gets 5 million tonnes a year from RasGas under a long-term LNG deal with Qatar, and that will be raised to 7.5 million tonnes from 2009.